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Vancouver housing fever shows signs of easing

  Bloomberg Canada’s hottest housing market may be cooling. Home sales in Vancouver fell a third straight month in July, the Canadian Real Estate Association said, with price gains also showing signs of slowing. The data should be a relief to buyers and policy makers who have been growing increasingly worried about affordability in the city, and suggest Vancouver’s market ...

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Balfour’s half-year losses shrink

  Bloomberg UK construction company Balfour Beatty Plc narrowed its first-half loss and restored its dividend as Chief Executive Officer Leo Quinn’s overhaul of the company advanced, lifting its share price. The company posted a pretax loss of $27 million, after a loss of 150 million pounds a year earlier. “We’ve clearly stabilized the business and are beginning to see ...

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Ontario Teachers’ Pension Plan to sell stakes in Vancouver buildings

  Bloomberg The Ontario Teachers’ Pension Plan is seeking buyers for a minority stake in its C$4 billion ($3.1 billion) real-estate portfolio in Vancouver, including office towers and shopping malls, according to people familiar with the matter. Cadillac Fairview, the real-estate unit of Canada’s third-biggest pension fund, is looking to raise about C$2 billion from the sale, according to the ...

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